Oversold Conditions For AeroVironment (AVAV)
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Markets AVAV Oversold Conditions For AeroVironment (AVAV) June 27, 2024 — 12:02 pm EDT Written by BNK Invest for BNK Invest-> Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Thursday, shares of AeroVironment, Inc. (Symbol: AVAV) entered into oversold territory, hitting an RSI reading of 25.9, after changing hands as low as $162.50 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 72.2. A bullish investor could look at AVAV's 25.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AVAV shares: Looking at the chart above, AVAV's low point in its 52 week range is $91 per share, with $224 as the 52 week high point — that compares with a last trade of $163.28. Find out what 9 other oversold stocks you need to know about » Also see: Top Ten Hedge Funds Holding PHIC ETFs Holding AA Funds Holding PTMN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tags MarketsStocks BNK Invest BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.
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